Economic uncertainty is pushing Canadians to save at a rate not seen in decades
Canada's household savings rate jumped to 6.9%, the highest in almost 30 years, outside of the pandemic. Find out more Source
Bank of Canada expected to cut interest rate today amid signs of weakening economy
Economists widely expect the Bank of Canada to cut its policy rate for the second consecutive time on Wednesday. Find out more. Source
Posthaste: Canadians’ migration to greener pastures in the Maritimes is losing steam
Interprovincial migration to the Atlantic provinces is slowing, which could have repercussions for the economy. Read more Source
Toronto’s average office rent rose in the second quarter, but overall results paint a more nuanced picture
Toronto’s office rental market experienced an uptick for the second quarter as asking net rate reached $27.30 per square foot. Read more. Source
Scotiabank sees Bank of Canada rate at 4% by end of 2024
Scotiabank's Derek Holt talks about how the Bank of Canada policy interest rate will be at 4% by the end of 2024. Watch here. Source
Posthaste: Many indebted Canadians think Bank of Canada interest rate cuts can’t save them
Bank of Canada interest rate cuts may be coming too little, too late for many Canadians, two polls this week suggest. Find out more Source
Removing domestic trade barriers could boost productivity, add $200 billion to economy annually: CFIB
The removal of interprovincial trade barriers could improve productivity and add $200 billion to Canada's economy each year. Find out more. Source
Ghost jobs and being ‘ghosted’ rank as major complaints among people looking for work
Postings for positions that don't exist or are filled, outranked “finding a job with a salary that meets their needs” as a concern. Read on. Source
Posthaste: How moving populations are ‘rapidly reshaping’ Canada’s luxury real estate
High immigration and interprovincial migration are having a profound impact on luxury housing in Canada. Read more on the situation. Source
Bank of Canada cuts interest rate again and signals more to come
Bank of Canada cut its interest rate for the second time Wednesday, amid evidence the economy is weakening. Find out more Source